|
...for you:
As I first said last month, we as a people face another Sputnik moment today. And the great question is whether we will meet this moment as Americans did so boldly five decades ago. The decisions we make – or fail to make – in this decade on new energy sources, on education, infrastructure, technology, and research , all of which are going to produce the jobs of the future, and our decisions on deficits and entitlements will without doubt determine whether the United States will continue to lead the world – or be left to follow in the wake of others, on the way to decline, less prosperous in our own land and less secure in the world. Some will question how in the world this could be possible – America less prosperous? America on the decline? They forget that exceptionalism for America has never been an automatic fact – a birthright on autopilot – but an inheritance of opportunity to be renewed and revitalized by each generation. So, let me share some facts with you. Right now, other developed and developing countries are making far-reaching choices to reshape their economies and move forward in a new and very different global era. But instead of us responding as Americans have in the past, the frustrating reality is that our American political system is increasingly paralyzed and Balkanized into a patchwork of narrow interests that have driven the larger “national good” far from the national dialogue altogether. Increasingly, overheated ideology and partisan infighting leave us less able to address or even comprehend the decisive nature and scale of the challenges that will decide our whole future.
The fact is – our strength at home determines our strength in the world. And other countries are constantly taking our measure, sizing us up, watching our politics, measuring our gridlock. On issue after issue, enduring consensus has been frayed or shredded by lust for power cloaked in partisan games. Health care’s individual mandate? Guess what -- it started as a Republican idea-- a pro-business idea-- because rising insurance costs leave big holes in profits. Cap and trade? Guess again -- another Republican idea based on market principles and, with bipartisanship, successfully implemented by President George Herbert Walker Bush, now denounced as ideological heresy. And energy independence? For forty years, every President since Richard Nixon has recognized that foreign oil imports are America’s Achilles heel. But whenever we’ve had a chance to act, we’ve been blocked by entrenched influence and the siren call of short-term interest instead of achieving long-term success. Even as we were clawing our way to the ratification of START Treaty last month, I noted that far more ambitious treaties had previously been ratified by votes of 90 or 95 to zero. I joked that in this Senate, in this hyper-partisan Washington, 67 might be the new 95. I’m proud that in the end we sent a signal to the world that in American foreign policy, however uphill the slog and improbable the victory, partisan politics can still stop at the water’s edge. But the fact remains that it was closer than it ever should have been. All of this underscores the current danger to our country in ways that go far beyond that single debate and highlight a host of other issues that demand and deserve common resolve, not constant suspicion and division. If treaties ratified almost unanimously yesterday get just 71 votes today, what’s the forecast for other decisive endeavors that once would have commanded 79 votes in the Senate? We can’t afford for the old 79 to become the new 49, dooming our national will to unbreakable gridlock. Because in the 21st century where choices and consequences come at us so much faster than ever before, the price of Senate inaction isn’t just that we will stand still; it isn't just that America will fall behind; it's that we will stay behind as we cede the best possibilities of this young century to others who are more disciplined.
Just think about an issue as simple and fundamental as building and investing in America – an issue that was once so clearly bi-partisan. The Republican Mayor of New York City Fiorello LaGuardia famously said: “There’s no Republican or Democratic way to clean the streets.” Well, for decades there was no Democratic or Republican way to build roads and bridges and airports. The building of America was every American’s job. This wasn’t narrow pork; it was a national priority. But today, we’re still living off and wearing out the infrastructure put in place by Republicans and Democrats together, starting with President Eisenhower’s interstate highway system. We didn’t build it; our parents and grandparents did. Now partisan paralysis has kept us from renewing that inheritance even as it decays from neglect. And the question is – what are we building for our children and our future generations? Reliable, modern infrastructure isn’t a luxury. It’s the lifeblood of our economy-- the key to connecting our markets, moving products and people, generating and sustaining millions of jobs for American workers, to not wasting hundreds of thousands of hours and millions of gallons of gas on clogged highways. In the face of global competition, our growth and exports are directly tied to the modernity of our infrastructure. As we invest too little and our competitors invest more and more, the harder and harder it will be to catch up – and the more and more attractive those countries will be for future investments. In 2009 China spent an estimated $350 billion on infrastructure-- 9 percent of its GDP. Europe’s infrastructure bank financed $350 billion in projects across the continent from 2005 to 2009, modernizing seaports, expanding airports and high-speed rail lines, and reconfiguring city centers. Brazil invested over $240 billion in infrastructure in the past three years alone, with an additional $340 billion planned over the next three years.
And what about us? Well, we know that Americans have always been builders. We built a transcontinental railroad. We built an interstate highway system. We built the rockets that let us explore the farthest edge of the solar system and beyond. But as a result of our political gridlock and attention to the short-term, that’s not what we’re doing today. For too long we’ve underbuilt and underinvested, and too much of what we have done has been uninformed by any long-term strategic plan. In 2008, it was estimated that we had to make an annual investment of $250 billion for the next 50 years to legitimately meet our transportation needs. Right now, we aren’t even close to that. Right now, we are as many miles away from it as we ought to be building to get there. Other countries are doing what we ought to do. They’re racing ahead because they created infrastructure banks to build a new future ; but we’ve yet to build a new consensus for our own national infrastructure bank to make Americans the world’s builders again-- and to keep our country the leader in the new world economy. Imagine the possibilities that would come from this endeavor - financing projects from high-speed rail to air and sea ports, all with the expectation of being repaid, lending directly to economically viable initiatives of both national and regional significance, without political influence, run in an open and transparent manner by experienced professionals with meaningful Congressional oversight. That is an indispensable strategy for prosperity and a legitimate vision that Americans could embrace. And if we offer America the leadership it deserves, it ought to be an undoubted opportunity and necessity for bi-partisanship.
|